This is a typical greek snake braclett

The Greek snake jewelry

Gold was very rare back then and they did not have many examples of gold objects. This one object was very rare to have and many people did not own things like this. You probably had to be very rich or have it be passed down in your family, anything that was in the shape of a snake, or had a snake on it meant power. So this bracelet probably belonged to a queen or a king of some sort .sourc
bracelets in the form of a spiral snake was very popular in the Hellenistic period.


source : http://www.britannica.com/EBchecked/topic/303500/jewelry/14083/Greek?anchor=ref294953

bracelets like these were always worn in pairs. meaning, if you wore on bracelet you had to wear one like it on the other arm. The snake was also a symbol of rebirth.

bracelets that had snakes on them were usually gold or some type of material that showed that you were rich enough to own one. the snake design were not only worn as bracelets. they were also anklets,earing, and necklaces.
the wearing of the upper arm braclet is still popular today, and some people still wear them today.